Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households

Chancellor John Healey has increased taxes on banks and landlords in the UK Budget 2026. This move is aimed at raising revenue to fund a £100 handout to 20 million households, which is intended to help alleviate the cost of living crisis. The tax hike is a significant development, as it targets key sectors of the economy, and its impact will be closely watched by investors and economists.

Why it matters

The budget includes tax hikes on banks and landlords to fund handouts to households. This move is expected to provide relief to households affected by the cost of living crisis.

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